Exploration Updates
Plains Exploration & Production has reported that the initial log result specifies about 70 net feet of pay in two oil bearing sections. Final drilling results are anticipated by the end of the second quarter. Plains Exploration & Production owns a 100% working interest.
The Ammazzo exploration prospect, operated by McMoRan Exploration is situated on South Marsh Island block 251 is now drilling below 21,600 feet towards a proposed total depth of 24,500 feet. The company holds a 28.1% working interest.
The Ocean Monarch semi-submersible drilling rig is on location and early operations are underway for additional drilling at the Friesian #2 discovery well in the Gulf of Mexico. As earlier stated Plains Exploration & Production, as operator, and its partner decided to deepen the Friesian #2 discovery well an extra 3,500 feet to 32,500 feet true vertical depth to test the prolific main field equivalent sands such as the M15, M18, M21A and M21B at Tahiti. Accessible data shows strong correlation on both geologic and pressure, from the initial Miocene field pay sands at Tahiti to the drilled portion of the company’s Friesian #2 well.
